Korea Electric Power (NYSE:KEP - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.
Korea Electric Power Stock Performance
Korea Electric Power stock traded down $0.10 during midday trading on Thursday, reaching $7.50. 95,250 shares of the company traded hands, compared to its average volume of 144,626. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. Korea Electric Power has a 12 month low of $6.68 and a 12 month high of $9.43. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 3.47 and a beta of 0.94. The business has a 50 day moving average of $7.48 and a two-hundred day moving average of $7.60.
Korea Electric Power (NYSE:KEP - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The firm had revenue of $16.82 billion for the quarter, compared to the consensus estimate of $17.04 billion.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of KEP. Cerity Partners LLC increased its stake in shares of Korea Electric Power by 57.7% in the 3rd quarter. Cerity Partners LLC now owns 76,185 shares of the utilities provider's stock worth $591,000 after purchasing an additional 27,870 shares in the last quarter. FMR LLC grew its holdings in Korea Electric Power by 12.8% during the third quarter. FMR LLC now owns 68,773 shares of the utilities provider's stock valued at $534,000 after purchasing an additional 7,787 shares during the period. Townsquare Capital LLC purchased a new stake in Korea Electric Power in the third quarter worth about $142,000. Quantinno Capital Management LP raised its stake in shares of Korea Electric Power by 35.2% in the third quarter. Quantinno Capital Management LP now owns 98,580 shares of the utilities provider's stock worth $765,000 after buying an additional 25,641 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of Korea Electric Power during the 3rd quarter valued at approximately $96,000.
About Korea Electric Power
(
Get Free Report)
Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.
Read More
Before you consider Korea Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Korea Electric Power wasn't on the list.
While Korea Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
